OPENERS: SUITS; SETTLEMENT NO. 3

By MARK A. STEIN

Published: February 25, 2007

Without admitting or denying guilt, a third senior executive of i2 Technologies of Dallas -- Gregory A. Brady, the former chief -- has settled accusations by the S.E.C. that he participated in a conspiracy to inflate revenue at i2, which makes business software.

To settle the Securities and Exchange Commission's accusations that he helped i2 misstate more than $1 billion in revenue, Mr. Brady, 46, agreed to pay $8.3 million -- a combination civil penalty, disgorgement and prejudgment interest. He also agreed to not serve as an officer or director of a public company for five years.

Last October, i2's former finance chief, William M. Beecher, agreed to pay more than $2.1 million to settle a civil lawsuit against him. In March 2006, i2's former executive vice president for sales, Reagan L. Lancaster, agreed to pay almost $1.3 million to settle a case. Neither executive admitted nor denied the S.E.C.'s accusations.

The company paid $10 million in 2004 to settle a civil case filed by the S.E.C. MARK A. STEIN